Wings Financial CU Offers Competitive 5-Year CD

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Availability: Easy Membership Requirement

Earlier this year, Wings Financial Credit Union (Wings Financial) added a 5-year Share Certificate with three rate tiers: 1.96% APY ($500), 2.02% APY ($10k), and 2.07% APY ($90k). Earned dividends can be paid on either a monthly or quarterly basis.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.63*%$250k-Wings Financial Credit Union5 Year Dividend Paid Monthly Certificate
OTHER TIERS: 2.58% → $100k - $250k
2.63*%$250k-Wings Financial Credit Union5 Year Dividend Paid Monthly IRA (Traditional, Roth, CESA)
OTHER TIERS: 2.58% → $100k - $250k
2.53*%$10k$100kWings Financial Credit Union5 Year Dividend Paid Quarterly Certificate
OTHER TIERS: 2.48% → $500 - $10k
2.53*%$10k$100kWings Financial Credit Union5 Year Dividend Paid Quarterly IRA (Traditional, Roth, CESA)
OTHER TIERS: 2.48% → $500 - $10k
Rates as of January 28, 2020.

The 5-year Share Certificate is also available as an IRA (Traditional, Roth, and CESA), with the same rate tiers and minimum deposit requirements.

As stated on Wings Financial’s Most Requested Info page, the Early Withdrawal Penalty reads as follows:

Term 12 months or greater = Loss of amount equivalent 2 years’ dividends (730 days)

Availability

Headquartered in Apple Valley, Minnesota, Wings Financial Credit Union’s field of membership includes virtually anyone:

Easy Membership: As stated on Wings Financial’s online application, “I would like to become a member of Wings Financial Credit Union by making a donation of at least $5 to the Wings Financial Foundation."

Residency: Individuals who live or work in the 13 counties in the Minneapolis-St. Paul (MN) metro area, or the Seattle-Tacoma (WA) metro area are eligible to join.

Employment: Individuals who work or have worked in the aviation industry nationwide qualify for membership.

Relationship: Immediate family members of current Wing Financial members are eligible to join.

Joining Wings Financial and opening a 5-year Share Certificate can be done online or at any of 21 branches located in Florida, Georgia, Michigan (2), Minnesota (16), and Washington.

N.B. - According to the About Membership page:

IMPORTANT:
If you have an existing relationship with Wings Financial, you will not be able to
use our online membership application. (Example: If you are joint on an account,
but you are not a member of Wings.) Please call Member Services for assistance.

Credit Union Overview

Wings Financial Credit Union (NCUA Charter # 68601) has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 0.99% (excellent) based on March 31, 2016 data. In the past year, Wings Financial has increased its total deposits by $149.126 million, an excellent annual growth rate of 4.21%. Please refer to our financial overview of Wings Financial Credit Union for more details.

Wings Financial Credit Union was originally founded in 1938 as Northwest Airlines Credit Union by seven airline employees. In the past five years, Wings Financial has merged with the St. Paul-based Highgrove Community Credit Union and the Minneapolis-based City-County Federal Credit Union to become the nation’s 33rd largest credit union, with over 206,800 members and assets in excess of $4.3 billion.

How the CD Compares

When compared to the 134 similar length-of-term CDs tracked by DepositAccounts.com that are available nationwide, Wings Financial Credit Union's 5-year Share Certificate currently ranks in the top eight, regardless of minimum deposit. The following is a sampling of those eight CDs.

The above rates are accurate as of 7/25/2016.

To look for the best CD rates, both nationwide and in your state, please refer to our CD rates table, or our Rates Map page.


Comments
20yrcustomer
20yrcustomer   |     |   Comment #1
I've been a Wing's customer (formerly named Northwest Airlines CU) for 20 years. When their early withdrawal penalties on CDs quadrupled from 6-month to 2-years, they lost all my CD money to Ally which offers a slightly higher rate plus only a 5-month penalty.
Reply
1
CD Rates Fall But Are Still Competitive at Wings Financial Credit Union
Comments
POSTED ON WEDNESDAY, OCTOBER 31, 2012 BY KEN TUMIN

We lost another two-percent 5-year CD. Wings Financial Credit Union cut all of its CD rates yesterday, and its 5-year CD yield fell from 2.12% to 1.96%. Like at other credit unions and banks, the 5-year CD rate has fallen the most this year at Wings. The 5-year CD rate has fallen 35 basis points this year whereas the 2-year CD rate has fallen only 15 basis points.

Even though the rates have fallen, Wings Financial's CD and IRA CD rates are still competitive. Below is a list of the most...

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Top CD Rates at Wings Financial Credit Union - Limited Membership
Comments (3)
POSTED ON WEDNESDAY, MAY 2, 2012 BY KEN TUMIN

Wings Financial Credit Union continues to offer competitive CD and IRA CD rates. Rates have slowly fallen, but they have fallen less than many other credit unions. Below is a list of the most competitive rates as shown on the credit union's rates page as of 5/2/2012:

  • 2.22% APY 5-year CD
  • 1.86% APY 4-year CD
  • 1.71% APY 3-year CD
  • 1.31% APY 2-year CD

Minimum deposit is $500. According to the account disclosure, the early withdrawal penalty is 180 days of interest for terms over 1 year and 30 days of interest for terms of 1...

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New Higher CD Rates at Wings Financial Credit Union - Limited Membership
Comments
POSTED ON THURSDAY, MAY 19, 2011 BY KEN TUMIN

Wings Financial Credit Union did something that has been rare this year. It raised its CD rates. The rates went up by 15 basis points which makes it rates for CD terms of 2 to 5 years very competitive. These CD and IRA CD rates as listed at the credit unions rates page as of 2/19/2011 include:

  • 1.81% APY 2-year CD
  • 2.07% APY 3-year CD
  • 2.22% APY 4-year CD
  • 2.73% APY 5-year CD

Minimum deposit is $500. According to the CSR, the early withdrawal penalty is 180 days of interest for terms over 1 year...

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CD Special and Eligibility Update at Wings Financial Credit Union
Comments (2)
POSTED ON THURSDAY, MARCH 10, 2011 BY KEN TUMIN

Wings Financial Credit Union used to be only available to those employed in the air transportation industry. A couple of years ago they expanded eligibility to include anyone who lives in the Minneapolis-St. Paul Metro Area. Last year they continued to expand their field of membership to include anyone who lives in certain parts of the Seattle-Tacoma metro areas in Washington State.

It's nice to see this major credit union is becoming easier to join. Wings Financial used to offer very competitive CD and money market rates. The rates are not...

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2.78% 12-Month CD &t 3.09% 27-Month CD at Wings Financial CU in MN & Other Places with Limited Membership
Comments (2)
POSTED ON SATURDAY, NOVEMBER 14, 2009 BY KEN TUMIN
Update 11/14/09: The rates have fallen, but they remain very competitive. Please refer to the credit union's website for the latest rates.

Wings Financial Credit Union continues to offer several very competitive CD rates. In addition, they have expanded their field of membership beyond just the airline industry to include all those who live or work in the Minneapolis/St. Paul metro area.

The special 27-month CD and all of their standard CDs have competitive rates. Minimum deposit is $500. These are also available in an IRA. Below is the full list...



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